STOCK MARKET

This was my last post where i mentioned that Nifty 100 is the way to go ahead if one wants to build newer positions. https://share.gvine.app/8aJtMzoHxdWv7hPv5 Stocks like ABB, SIEMENS, PIDILITE , COLPAL, MARUTI, LT, JINDAL S, TATA M , SUNPHARMA are few names that have offered Entry opportunities. When i am getting a good Risk : Reward, i buy whatever i wanna buy in 1 time scale in. Out of the above list SIEMENS, ABB, MARUTI, COLPAL started moving before the indices. Generally these stocks are the leaders of the next upleg . Such stocks need to be tracked closely, they will offer plenty of opportunity to those who missed it. More often than not they will outperform the market. Don't chase any stock that is flying eg. Maruti, ABB wait for Risk : Reward to come in your favour. If it gives a mini pullback, get in, if not then let it fly. Look for another opportunity. I have also built positions in Nifty Future at 22,220 today. In my last post i updated about entering Nifty Bank, that trade is still on and i have captured 700 odd points, Let's see what happens in days to come. Pullback got confirmed today in Nifty. It broke out of the high volume node range, valid pullback ended , it kept bouncing above multiple AWAP levels (forgot to add that in the photo). This was a confluence of data points for me. Getting in the market at the right time is very crucial. If one gets it right, the journey ahead for the next upleg is relatively easy. The market will shakeout late participants, if you get it right, you get a lot of cushion to work with and you wont be shaken out of the market that easily. We are moving up in the medium term. If i see anything changing or i cut my positions, i will update here. Bank nifty and nifty is a deadly combo, i hope Bank Nifty keeps chipping in on regular intervals. Happy Trading :)

I had explained in the last post the sectors i am going behind from here on. These were Banks, Metals and FMCG. Banks are resisting the fall even today & are broadly up. Check it here. https://share.gvine.app/GiMiy13zbhGLgrT97 SBI,ICICI,AXIS are the top stocks in the banking sector & they are doing okay, well above buy price. From FMCG Nestle, VBL, TATA C are well above the buy price for now. From metals i have positions in Jindal & Tata S. I have cut out Jindal S today at 2% loss & i have Tata S from a much lower level so i am not worried. Apart from these i built positions in TVS Motor, Cipla, booked out a loss of around 1.5% -2% today. Cutting out stocks when things are not in your favour is also a skill and i have learned it the hard way. -2% can become -5% -10% very easily. For the last 1 month i have been writing that Risk : Reward exists in Bank, Metal and FMCG and stocks from these sectors have not fallen that much in the last week. Any chart pattern any strategy cannot be a traders edge, Risk management combining with Risk : Reward analysis & sector understanding is my biggest edge over 99% of market participants. Now, markets are getting thinner by each passing session. I will aggressively start cutting position if we breach 21850 in Nifty. I am now only managing newer positions (mentioned above). From the Large cap portfolio i built in Dec, i have a good cushion but i will start trimming if 21850 goes in Nifty. I will not touch my Top 4 holdings. I have Tata M, Tata C, LT , Can B , PNB , TATA S, Wipro from DEC. I have a different account for Small - mid cap & i have booked everything except 2 top massive winner stocks in the last 1 week. I will wait for stability to return to build newer positions. From now on whatever new position i build that is going to be from Nifty 100 index only. Per trade I risk 2% of my account size but from here on my risk will be capped at 0.5-0.75% of Account. Tip : Stay away from options for 1 Month.

Given the election season is about to come, any surprises will factor in very hard especially at current levels. Can consider hedging soon. If the incumbent government gets a stronger majority then we will definitely witness an unparalleled rally.

Are we buying more or getting out before it goes bust?

Let's get that bread folks.

I wonder if buying Calls and Puts at the same strike price will work really well 🤔

Here is the post where i mentioned about 3 live trades. https://share.gvine.app/pUjNH4n7qnU3kYgM9 SBI - I have added more of SBI at 732 today. If i had 500 quantities, I have added 250 more. GENERAL INSURANCE - IT went up 25% and gave back all the gains. I am still holding, a good amount of shakeout has happened. APAR IND - Nice bit of shakeout here as well just around buy price lets see. Still holding. New positions i am currently building in - SBI - Added Today RELIANCE - Added Today COAL INDIA- Added Yesterday GAIL - 33% today BPCL - 33% Today HINDPETRO -33% Today J&K BANK OIL INDIA Angel one NIACL KARURVYASA B UFO MOVIES INDIA For some stock i am using 1 time scale in SBI, Reliance,Coal India. For the names which are stretched i am using a pyramiding approach .ie. 33% in 3 rounds. If the market reverses these stretched names will fall a lot so I don't want to take a lot of risk. I will keep buying until Nifty is above 50 DMA. The moment i see it slipping below it, I will stop buying. Its good sign that Nifty Bank is stabilising and trying to move up. Also the current sector leader .i.e Oil and Gas, Energy, PSU, PSE are recovering well after a fall.

Here is the link where i mentioned about the SBI trade, I am fully scaled in with avg Price of 638. https://share.gvine.app/sugCF7MjAeSSFkvh6 I have explained everything on the chart. Ideally the price should consolidate for a few more sessions, even fall some % points, before moving higher. If this is an aggressive trade SL can be around 5950 on a daily closing basis, mere violation is not enough. For Positional trade (12-18 Month) SL should be 5200. MARKET COMMENTARY :- For the last 2,3 weeks, i have been booking out profit and have raised 40% cash as the market was getting extended for my liking. But the market is not showing any signs of slowing down, Last week Nifty oil& Gas, yesterday Nifty IT, today Realty, metal. If Bank nifty starts to chip in we'll head a lot higher. Every other day 1 or another space is setting up apart from main indices. Eg. Broking/AMC companies (BSE, CDSL, Angelone, Tata investment) in the last 2,3 days. Our biases have 0 value until the chart confirms it, So i have bought Nifty FUT last week to up my exposure to 100% again. I am also inclined to take positions in stock like SBI, JSW STEEL, WIPRO, APAR IND etc Where i have RISK:REWARD in my favour. But newly built positions have to be monitored closely. I will not be scaling if things are over extended like for eg. TATA M, CANARA BANK, DLF etc. MARKET IS SUPREME. Don't miss out on the rally on basis of your biases.

Today market is up by 804+ points, just because Modi is winning!! ☺️☺️🤴🫶.